Roger K. Loh

Assistant Professor of Finance
Singapore Management University
Lee Kong Chian School of Business
50 Stamford Rd, #04-01
Singapore 178899









Database Site



 Background and Research

Full CV (pdf)

Academic Background
Ph.D. in Finance, Fisher College of Business, Ohio State University, 2003-2008
M.Sc. (Mgt) National University of Singapore, 2000-2002
B.B.A.  (Finance, 1st Class Honors), National University of Singapore, 1996-2000

Associate Professor of Finance (with tenure), Lee Kong Chian School of Business, Singapore Management University, from 1st Jul 2016
Assistant Professor of Finance, Lee Kong Chian School of Business, Singapore Management University, Jul 2008-present
Lecturer of Finance, Singapore Management University, 2002-2003
Asian Equities Research Intern, Credit Suisse First Boston (Singapore), Summer 2000

Research Interests
Security Analysts
Empirical Asset Pricing
Behavioral Finance

Have we solved the idiosyncratic volatility puzzle? Forthcoming in July 2016 issue, Journal of Financial Economics 121, 167-194 (with Kewei Hou). 
    Featured in Alpha Architect, Nov 2015, Slides.

Streaks in earnings surprises and the cross-section of stock returns, 2012, Management Science 58, 1305-1321 (with Mitch Warachka). (Slides)
     Profiled in Citigroup Academic Digest, Apr 2009.

When are analyst recommendation changes influential?, 2011, Review of Financial Studies 24, 593-627 (with René Stulz). (Internet appendix, Slides)
     Featured in Wall Street Journal, 2009, “Markets often shrug at analysts’ calls”.  
     Profiled in NBER Digest, Sep 2009, and Citigroup Academic Digest, Jun 2009.

Investor inattention and the underreaction to stock recommendations, 2010, Financial Management 39, 1223-1251.
     Profiled in Citigroup Academic Digest, 2009.

Do accurate earnings forecasts facilitate superior investment recommendations?, 2006, Journal of Financial Economics 80, 455-483, (with Mujtaba Mian).
    Reprinted in CFA Digest 36, Nov 2006, 41-42.

The quality of analysts' earnings forecasts during the Asian crisis: Evidence from Singapore, 2003, Journal of Business Finance and Accounting 30, 749-769 (with Mujtaba Mian).

Working Papers
Is sell-side research more valuable in bad times? with René Stulz, 2016. Presented at AFA 2014. Revise and Resubmit, Journal of Finance.
     Featured in Bloomberg news, and The Economist, Slides.

Realization utility and real estate, Apr 2016, with Dong Hong and Mitch Warachka. Presented at ASSA-AREUEA 2015. Best paper award at California Corporate Finance Conference, Nov 2014.

Ad hoc pieces for practitioners
Fatal or friendly fees? Unit trusts versus ETFs, Nov 2008.

Official SMU profile
Google scholar profile
Seminar series in SMU